39 companies to bid for Nigerian crude for 2017/2018

January 5, 2017

The Nigerian National Petroleum Corporation (NNPC) has slated 39 companies to bid for Nigeria’s oil during 2017/2018, even as it released the list of bidders yesterday.
Announcing the results on its Website, the Group General Manager, Crude Oil Marketing Division, Mele Kyari, said the contract would be for one year with effect from January 1, and the allocation of crude oil will be for 12 circles.
The 39 winners include 18 Nigerian companies, 11 international traders, five foreign refineries, three National Oil Companies (NOCs), and two NNPC trading arms.
The contracts were for 32,000 barrels per day except for Duke Oil Ltd which will lift 90,000 barrels per day.
A total of 224 bids were submitted by companies seeking to purchase and lift Nigerian crude oil grades for the period 2017/2018, according to the list released.
Indigenous companies to benefit are Oando, Sahara Energy, MRS Oil and Gas, AA Rano, Bono, Masters Energy, Eterna Oil and Gas, Cassiva Energy, Hyde Energy and Brittania-U.
Others are NorthWest Petroleum, Optima Energy, AMG Petroenergy, Arkiren Oil and Gas Limited, Shoreline Limited, Entourage Oil, Setana Energy and Prudent Energy.
Foreign companies to benefit are Trafigura, ENOC Trading, BP Trading, TOTAL Trading, UCL Petroenergy, Mocho, Tevier Petroleum, Heritage Oil, Levene Energy, Glencore and Latasco Supply and Trading.
Five foreign refineries to also take part include, Hindustan Refinery, Varo Energy, Sonara Refinery, Bharat Petroleum and Cepsa while the NOCs are India Oil Company, China (Sinopec) and South Africa (Saccoil).
The NNPC trading arms are Duke Energy and the Carlson Hyson.